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Several European countries are moving to adopt universal basic income schemes in the next few years. If any of them come to fruition we could finally get an answer to one of the most exciting questions in economics: whether basic in...

In Part 1 of this series, I outlined some basic economic theory regarding a universal basic income (UBI) and work incentives. By a UBI, I mean an income support policy that provides a set monthly benefit to every citizen. A UBI, as ...

We've been getting a lot of questions about the universal basic income (UBI) these days. The concept is simple. Under a universal basic income system citizens (in some proposals, residents) of a country would regularly receive an un...

The idea of a universal basic income is gaining traction in the mainstream.
It was once seen as a fantasy backed by hippies, and dewy-eyed Utopians because the premise of basic income is to give people free money — a set amount of m...

Owen Smith has completely rejected the idea of adopting universal basic income as a Labour policy, saying it is a "lovely sounding" idea but nothing more.
In practice, universal basic income (UBI) would mean an unprecedented overhau...